€2.47m judgment against FG minister

A junior minister and his wife have consented to judgment for €2.47m being entered against them at the Commercial Court over unpaid loans.

Danske Bank issued the loans to Small Business Minister John Perry and his wife Marie in Oct 2011, to be repaid by Nov 2012, to restructure existing loans and an overdraft account and provide €25,000 towards tax affairs. The loans were secured by first legal mortgages over property including Perry’s Hardware store and the Stone Park restaurant at Main St, Ballymote, Co Sligo.

The bank claimed, before issuing proceedings for judgment, it made “extensive endeavours” to reach an accommodation with the couple, including several letters and meetings, to try and find a solution to their indebtedness.